CapitalRise has financed an £8.5 million loan for the acquisition and development of a detached 13,000 sq. ft house on the private Wentworth Estate in Virginia Water.
CapitalRise notes that the new detached house on the plot has an estimated sales price of £16 million upon completion. The site is considered a premium address near the Wentworth Golf Clubhouse, described as one of the UK’s most exclusive golf clubs.
CapitalRise states that it continues to structure innovative, bespoke financing to meet demand from prime property developers in London and the Home Counties.
CapitalRise adds that this deal follows 12 months of significant growth for the platform.
Katy Katani, Director at CapitalRise, said they are extremely proud to be working on one of the most impressive developments in the Wentworth Estate:
“We are well known for funding loans for property projects in Prime Central and Outer London, but have also been assisting developers to deliver properties in the Home Counties for many years – a region where we continue to expand our remit. We worked very closely with LDNfinance to construct a tailored package for the client, and we look forward to overseeing the progress of the development.”
CapitalRise allows smaller investors to participate in the financing of prime property in the UK. Currently, CapitalRise can accept three categories of investors, Self-certified sophisticated investors, High net-worth investors and Professional investors as defined by the FCA.